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Bona Fide Error: What It Is, How It Works, Example

Financial Concepts

Definition

A bona fide error is an unintentional mistake or oversight that may be corrected promptly to avoid exposure to legal action. Bona fide is a legal term that is often inserted in documents to indicate that any errors it contains are accidental and will be corrected. Bona fide is a Latin phrase that means "in good faith.”

In Panel Profits

In the Panel Profits market platform, Bona Fide Error: What It Is, How It Works, Example applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.